I rashly promised yesterday to suggest what some supply-side socialist policies might comprise. Here goes.Stumbling and Mumbling
Supply-Side Socialism
Chris Dillow | Investors Chronicle (UK)
I rashly promised yesterday to suggest what some supply-side socialist policies might comprise. Here goes.Stumbling and Mumbling
1 comment:
Tom, this guys is fantastic, thanks for posting! Too bad Obama didn't have him on his campaign. Remember the 'you didn't build that' kerfuffle?
"'Roads are made, streets are made, services are improved, electric light turns night into day, water is brought from reservoirs a hundred miles off in the mountains— and all the while the landlord sits still. Every one of those improvements is effected by the labour and cost of other people and the taxpayers. To not one of those improvements does the land monopolist, as a land monopolist, contribute, and yet by every one of them the value of his land is enhanced. He renders no service to the community, he contributes nothing to the general welfare, he contributes nothing to the process from which his own enrichment is derived.' So spoke that notorious communist, Winston Churchill (quoted here (pdf))."
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